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April 2, 2008 at 10:34 PM in reply to: SD Index of Leading Economic Indicators Missing in Action #179992April 2, 2008 at 10:34 PM in reply to: SD Index of Leading Economic Indicators Missing in Action #180359
highpacific
ParticipantI did email Alan and got a reply. To paraphrase the response. One of his data sources has been a bit slow lately. Also, since he is a one man operation, when he takes a vacation or life gets in the way, it can delay things as well. Anyway, he has been able to update the information with Jan and Feb data now. It seems to be the lowest reading for the index ever. Not good news for San Diego. Make sure you scroll to the bottom of the page to see the graph.
April 2, 2008 at 10:34 PM in reply to: SD Index of Leading Economic Indicators Missing in Action #180361ParticipantI did email Alan and got a reply. To paraphrase the response. One of his data sources has been a bit slow lately. Also, since he is a one man operation, when he takes a vacation or life gets in the way, it can delay things as well. Anyway, he has been able to update the information with Jan and Feb data now. It seems to be the lowest reading for the index ever. Not good news for San Diego. Make sure you scroll to the bottom of the page to see the graph.
April 2, 2008 at 10:34 PM in reply to: SD Index of Leading Economic Indicators Missing in Action #180376ParticipantI did email Alan and got a reply. To paraphrase the response. One of his data sources has been a bit slow lately. Also, since he is a one man operation, when he takes a vacation or life gets in the way, it can delay things as well. Anyway, he has been able to update the information with Jan and Feb data now. It seems to be the lowest reading for the index ever. Not good news for San Diego. Make sure you scroll to the bottom of the page to see the graph.
April 2, 2008 at 10:34 PM in reply to: SD Index of Leading Economic Indicators Missing in Action #180451ParticipantI did email Alan and got a reply. To paraphrase the response. One of his data sources has been a bit slow lately. Also, since he is a one man operation, when he takes a vacation or life gets in the way, it can delay things as well. Anyway, he has been able to update the information with Jan and Feb data now. It seems to be the lowest reading for the index ever. Not good news for San Diego. Make sure you scroll to the bottom of the page to see the graph.
Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
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